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    500 New Richton Rd Petal, MS 39465

    For Lease
    $10 SF/Yr ($14,520 /Mo)

    17,424 SF Vacant Retail Space

    Lot size:
    17,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 500 New Richton Rd in Forrest County, presents a unique opportunity for retail development or investment. The site encompasses a substantial 17,424 square feet of vacant retail space situated on a 0.4-acre lot. The property's single-tenant configuration offers flexibility for a variety of retail uses, allowing for customized design and build-out to suit specific business needs. The substantial square footage provides ample room for a large-scale retail operation or the potential for subdivision into smaller units. Given its size and location, this property is ideally suited for businesses seeking high visibility and accessibility. The vacant status allows for immediate occupancy and the opportunity to create a modern, efficient retail space tailored to current market demands. The property's location in Forrest County offers access to a thriving local market and presents significant potential for growth and return on investment. This is a rare opportunity to acquire a significant retail property in a desirable location, ready for immediate development or lease. Serious inquiries are encouraged to explore the possibilities this property offers. The property is classified as Retail and Land, with a single tenancy. All square footage is vacant and ready for immediate use.

    Property Features for 500 New Richton Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,424 SF
    Total Rate
    14520

    Unit(s) available at that property

    Space
    Available Space
    Size
    17,424 SF
    Rate per SF
    $12

    HighLights

    • 17,424 SF retail building on a 0.4‑acre lot in Forrest County.
    • Single‑tenant occupancy.
    • 17,424 SF of vacant space available.
    • Property type: Retail and Land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Gym & Fitness Daycare Center Kitchen & Bath Discount Store Storage Facility Garden Center Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2461773
    Latitude
    31.3471347

    Nearby Comparable

    • $1,250 /Mo

      Land for Rent

      Land available for rent in Petal, Mississippi.
      500 New Richton Rd, Petal, MS
      View Details
    • Contact for pricing
      9,100 SF

      Retail Space in Growing Corridor

      9,100 SF retail space in a growing retail corridor.
      6 Parkway Ln, Petal, MS
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    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in Petal, Mississippi, near Walmart.
      Tyner Rd, Petal, MS
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    • $25 SF/Yr
      4,750 SF

      Retail Space on Evelyn Gandy

      Retail space available on Evelyn Gandy Parkway in Petal, MS.
      1140 Evelyn Gandy Pkwy, Petal, MS
      View Details
    • $12 SF/Yr
      10,484 SF

      Prime Petal Retail Space

      Free-standing building, 10,484 sq ft
      112 Main St, Petal, MS 39465
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    • $22 SF/Yr
      13,591 SF

      Retail Space on Highway 42

      Retail property available for lease with 13,591 square feet.
      1123 Highway 42, Hattiesburg, MS 39402
      View Details

    Nearby Similar for Lease

    • $12 SF/Yr
      10,484 SF

      Prime Petal Retail Space

      Free-standing building, 10,484 sq ft
      112 Main St, Petal, MS 39465
      View Details
    • $25 SF/Yr
      4,750 SF

      Retail Space on Evelyn Gandy

      Retail space available on Evelyn Gandy Parkway in Petal, MS.
      1140 Evelyn Gandy Pkwy, Petal, MS
      View Details
    • Contact for pricing
      9,100 SF

      Retail Space in Growing Corridor

      9,100 SF retail space in a growing retail corridor.
      6 Parkway Ln, Petal, MS
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Walmart

      Retail space available in Petal, Mississippi, near Walmart.
      Tyner Rd, Petal, MS
      View Details

    FAQs

    What type of property is this?
    Land - 17,424 SF Vacant Retail Space
    Where is this land located?
    The property is located at 500 New Richton Rd Petal, MS.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 17,424 SF retail building on a 0.4-acre lot in Forrest County.; Single-tenant occupancy.; 17,424 SF of vacant space available.
    Request Owner's contact information
    500 New Richton Rd Petal, MS 39465
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    Petal, MS 39465
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 New Richton Rd Petal, MS 39465
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